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Business Consulting
Our team ensures rapid response times, a low partner-to-staff ratio and is committed to delivering consistently high quality. Our business consulting services include naming a few: Governance, Risk, and Compliance, Business Transformation, Data Analytics, Human Capital, Operations Improvement, Program Management, Strategy & Innovation, Technology-enabled services, etc.
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Business Risk Services
We deliver practical, pragmatic, and tailored solutions that support you in growing and protecting the value of your businesses. Our business risk services include naming a few: Enterprise Risk Management, Internal Audit, Operational Audit, Compliance Framework Solutions, Regulatory Compliance, Finance Risk and Modeling, Special Attestation Services, and Technology Risk Services. Are you looking into certifying your organization for best-practice management systems? We also offer gap assessments, implementation plans and managed services for ISO9001, ISO27001/2, ISO22301, and ISO37000, amongst many others.
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IT, Cyber, Information Security & Privacy Services
Our highly skilled and experienced professionals are prepared to help you navigate the complex and dynamic digital environment you operate in. Our Cyber & Information Security solutions include amongst others: IT Audit and IT Strategy, Cyber Security Audit and Assessments, Cyber Strategy Solutions, Vulnerability Assessment and Penetration Testing, and Information Security & Privacy Frameworks (best practice) solutions.
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Corporate Finance
For the past years, our highly experienced consultants have been dedicated to delivering a comprehensive array of services including transactions, valuations, deal advisory, and restructuring.
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Managed Services
With the launch of our brand-new operations center in Suriname, we offer managed services for (e.g.) risk and quality, regulatory compliance, cyber security, information security, privacy, business processes, financial Management and many more.
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Financial Statement Audits
Our team of experienced auditors guarantee that the information presented in your financial statements is accurate and in accordance with prevailing accounting standards and company laws.
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Financial Statement Reviews
Accuracy, compliance, and reliability. Our experienced auditors conduct a thorough examination, identifying errors and providing valuable recommendations to enhance reporting practices and internal controls.
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Internal Audit Services
We analyze and pinpoint opportunities for enhancement, manage potential risks, and optimize operational efficiency, ensuring that you can confidently reach your business goals.
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Data Assurance
Rely on our proficient team to conduct thorough evaluations, detect weaknesses, and establish resilient safeguards against data breaches, unauthorized access, and data manipulation. Our data assurance solutions are designed to protect your valuable information, ensuring its integrity, and fostering trust in your information systems.
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Regulatory Compliance Services
Our Regulatory Compliance Services help you navigate complex regulatory landscapes and ensure adherence to applicable laws and regulations.
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Compilation and preparation of financial statements
Our expert team delivers comprehensive reports that provide valuable insights for informed decision-making and regulatory compliance.
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Bookkeeping and financial accounting
From managing financial records to preparing accurate reports, we ensure compliance, transparency, and sound financial management.
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Payroll compliance and administration
At Grant Thornton, we meet the challenges of our clients. Our offering is tailored to meet all your payroll requirements through a single point of contact. Our outsourced payroll team becomes your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
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Business services and outsourcing
Our reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
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Tax Advice and Wealth Planning for high-net worth individuals
Our team of experienced tax advisors blend commercial experience and knowledge with tax expertise to advise on the full range of transactions including sales, mergers, restructurings, and wealth planning.
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Tax Compliance
We prepare tax returns, for example for profit tax returns, personal income tax, wage tax and turnover tax/ sales tax. Our expert team handles all aspects of tax preparation and filing while keeping you informed of deadlines and minimizing the risk of penalties.
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(International) tax planning and incorporation services
Experience the perfect combination of tax planning and incorporation services in one comprehensive package. Our team of experts strategically minimize your tax liabilities while ensuring compliance with regulations. Additionally, we provide guidance and support throughout the entire incorporation process, offering valuable insights on legal structures, registration, and tax implications.
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Advice on estate and retirement planning
Secure your financial future with our dedicated estate and retirement tax planning service. Our experienced team specializes in developing tailored strategies to minimize tax liabilities, protect your assets, and optimize retirement income. Count on us to navigate intricate tax laws, ensuring peace of mind and financial security for your future.
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Advice on investing on the islands
Embark on a journey towards financial growth with our comprehensive investment advice service. Our advisors know and remain up-to-date wit the market trends on the islands in the Dutch Caribbean region. Evaluate your risk tolerance and craft personalized investment strategies tailored to your goals.
Regular onshore formalities for offshore companies which are now subjected to regular on.....
11 Feb 2021As you may know the offshore (profit) tax regime has been abolished in 2020. Most former offshore companies will in principle be subject to the regular tax regime as of 1 January 2020. Due to this transition, we hereinafter will inform you about the filing obligations and other formalities which are different from those under the offshore tax regime.
The electronic filing of tax returns
In connection with the modernization of the Tax Authorities, as of the fiscal book year 2020 all taxpayers must file all tax returns, including the provisional and final profit tax return, through the online portal of the Tax Authorities. As of the book year no exceptions are applicable.
The first step in this process is to create an account in the online portal. Additional information and documents will be requested to open this account.
The profit tax return procedure
As a result of the transition to the regular regime, the filing obligation changes as follows.
- Provisional profit tax return
A provisional profit tax return must be filed within 3 months after the end of the book year (for example before 1 April 2021 if the book year ends on 31 December 2020). If the provisional tax return is not filed within the 3 months period, a request for extension, see below, will not be granted and a penalty for late filing could be imposed.
- Final profit tax return
The provisional tax return will be formalized through the filing of the final profit tax return. The final return in principle should be filed within 6 months after the end of the book year (for example before 1 July 2021 if the book year ends on 31 December 2020). Any difference between the tax due based on the provisional tax return and the tax due based on the final return should be paid when filing the final tax return.
- Request for extension of time on the due date for filing
The final tax return should be filed within 6 months after the end of the book year. However, a request for extension of time on the due date for filing the final tax return can be submitted. This request should also be filed within the 6 months after the end of the book year. If an extension of time is granted, the final return must be filed within 12 months after the end of the book year (for example on 31 December 2021 at the latest if the book year ends on 31 December 2020).
However, please be informed that the request for extension of time on the due date for filing may not be granted if the outstanding offshore profit tax returns (including 2019) are not yet filed before 1 July 2021.
Penalties
- Penalties-filing obligations
If a tax return is not filed or is not filed in time, the Tax Inspector can impose a tax assessment which can also include a penalty. The maximum penalty amounts to ANG 2,500.
If in a later stage the profit tax due based on a tax return appears to be too low, the Tax Inspector can impose an additional assessment with a penalty. This penalty can amount 25% up to 100% of the additional tax due.
- Penalties-late payment profit tax due
If the tax due according to the filed tax return is not (or not completely) paid in time a maximum penalty of ANG 10,000 can be imposed.
Should you have any questions on the above, please contact us via +599 9 430 0000 or send us an email at info@cw.gt.com